Peyto Exploration & Development Corp. Announces Voting Results From Annual and Special Meeting of Shareholders

/EIN News/ -- CALGARY, Alberta, May 23, 2025 (GLOBE NEWSWIRE) -- Peyto Exploration & Development Corp. (TSX – PEY) ("Peyto") is pleased to announce that the nominees listed in the information circular – proxy statement dated April 2, 2025 were elected as directors of Peyto at Peyto's annual and special meeting of shareholders (the "Meeting") held on May 22, 2025. The detailed results of the votes for the election of directors, the appointment of auditors, the advisory vote on executive compensation and approval of the total shareholder return rights plan held at the Meeting are set out below.

Election of Directors

On a vote by ballot, each of the following nine nominees proposed by management was elected as a director of Peyto:

Nominee		Outcome of Vote		Votes For		Votes Withheld
Donald Gray		Elected		86,197,115		9,670,104
Michael MacBean		Elected		91,436,025		4,431,195
Brian Davis		Elected		93,801,543		2,065,676
Darren Gee		Elected		93,274,345		2,592,875
Jean-Paul Lachance		Elected		94,383,235		1,483,984
Jocelyn McMinn		Elected		89,376,549		6,490,671
John W. Rossall		Elected		95,416,660		450,559
Debra Gerlach		Elected		94,478,939		1,388,281
Nicki Stevens		Elected		92,357,435		3,509,784

Appointment of Auditors 

By ordinary resolution passed via ballot, Deloitte LLP, Chartered Professional Accountants, were appointed as auditors of Peyto until the next annual meeting or until their successors are duly appointed, and the directors were authorized to fix their remuneration. The results of the ballot were as follows:

	Votes For		Percent (%)		Votes Withheld		Percent (%)
	95,603,268		95.11%		4,910,425		4.89%

Advisory Vote on Executive Compensation

By ordinary resolution passed via ballot, the non-binding advisory resolution concerning Peyto's approach to executive compensation was approved. The results of the ballot were as follows:

	Votes For		Percent (%)		Votes Against		Percent (%)
	89,147,761		92.99%		6,719,458		7.01%

Approval of the Total Shareholder Return Rights Plan

By ordinary resolution passed via ballot, Peyto's total shareholder return rights plan was ratified and approved. The results of the ballot were as follows:

	Votes For		Percent (%)		Votes Against		Percent (%)
	90,874,189		94.79%		4,993,029		5.21%

For further information please contact:

Jean-Paul Lachance
President and Chief Executive Officer
Phone: (403) 451-4111
Fax: (403) 451-4100